Oak Family Advisors LLC Has $6.92 Million Stake in Alerian MLP ETF $AMLP

Oak Family Advisors LLC raised its stake in Alerian MLP ETF (NYSEARCA:AMLP) by 288.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,526 shares of the exchange traded fund’s stock after purchasing an additional 109,572 shares during the quarter. Alerian MLP ETF accounts for about 1.7% of Oak Family Advisors LLC’s portfolio, making the stock its 14th biggest position. Oak Family Advisors LLC’s holdings in Alerian MLP ETF were worth $6,923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Bank of America Corp DE grew its holdings in Alerian MLP ETF by 0.7% during the second quarter. Bank of America Corp DE now owns 8,453,389 shares of the exchange traded fund’s stock worth $413,033,000 after buying an additional 54,835 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in Alerian MLP ETF by 5.9% during the 2nd quarter. Raymond James Financial Inc. now owns 2,715,784 shares of the exchange traded fund’s stock worth $132,693,000 after acquiring an additional 152,451 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Alerian MLP ETF by 19.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,634,868 shares of the exchange traded fund’s stock worth $79,886,000 after acquiring an additional 262,817 shares in the last quarter. Naviter Wealth LLC raised its holdings in shares of Alerian MLP ETF by 17.5% in the second quarter. Naviter Wealth LLC now owns 1,311,189 shares of the exchange traded fund’s stock valued at $64,065,000 after purchasing an additional 194,949 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Alerian MLP ETF by 1.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,113,670 shares of the exchange traded fund’s stock valued at $54,414,000 after purchasing an additional 14,538 shares in the last quarter.

Alerian MLP ETF Stock Performance

Alerian MLP ETF stock opened at $47.56 on Friday. Alerian MLP ETF has a fifty-two week low of $43.75 and a fifty-two week high of $53.24. The firm’s 50-day simple moving average is $47.13 and its 200 day simple moving average is $47.63. The stock has a market cap of $10.66 billion, a PE ratio of 14.17 and a beta of 0.70.

Alerian MLP ETF Company Profile

ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class. The Index is comprised of 25 energy infrastructure MLPs. The fund will invest at least 90% of its total assets in securities, which comprise the Index (or depositary receipts based on such securities).